June 2016 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: Hot Options Calls & More

Bank of America Corp. BAC

Yesterday, for the second consecutive trading day, the BAC options idea we floated on Tuesday morning yielded the opportunity for solid intraday gains. The BAC Weekly $12.50 and $13 Calls produced the following chances:

$12.50 Calls – Range: .49-.74 – Max Gain: 51%
$13 Calls – .16-.34 – Max Gain: 113%

As we’ve been saying from the word go, if BAC can jump the 13.50 hurdle, we’ll be looking to roll up our strike price, and today might very well be the day it occurs. The stock traded as high as 13.48 in post-market trading yesterday, and the markets in general appear to be in line for another solid session.

To remain interested in our ideas going forward, we’ll need to see BAC hold support above 13.15 on any pullbacks.

More Options Recaps

SPDR S&P 500 ETF (SPY) – The SPY was one of a pair of fresh ideas we put in yesterday’s morning report, and with the strong daily performance of stocks across the board, the SPY Weekly $204-206 Calls we signaled enjoyed some huge multi-bag moves:

$204 Calls – Range: 1.45-3.20 – Max Gain: 121%
$205 Calls – Range: .87-2.29 – Max Gain: 163%
$206 Calls – Range: .47-1.55 – Max Gain: 230%

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Nike, Inc. NKE – We also highlighted a range of Nike options as the company was just coming off of a post-market earnings beat on Tuesday, specifically the NKE Weekly $52-54 Calls. Again, market-wide bullishness aided an excellent intraday push for each of our alerted contracts:

$52 Calls – Range: 1.23-3.00 – Max Gain: 144%
$52.50 Calls – Range: .85-2.61 – Max Gain: 207%
$53 Calls – Range: .60-2.13 – Max Gain: 255%
$53.50 Calls – Range: .42-1.60 – Max Gain: 281%
$54 Calls – Range: .27-1.20 – Max Gain: 344%

Fresh Idea:

Mobileye N.V. (MBLY) – We’re having such good fortune in options with current conditions allowing for the type of volatility that traders dream of, that we might as well offer up yet another new idea this morning. We’re going to be paying attention to the MBLY Weekly $44.50-46.50 Calls, as the stock is gapping up heavily in the premarket today.

Cemtrex, Inc. CETX

We’re also taking a technical interest in CETX this morning. As you can see on the following chart snapshot, there are a number factors indicating the potential for some increased upward movement.

This comes just a week after the company announced its first ever share buyback program, which will allow for the repurchase of up to a million shares over the next year.

Extended Watchlist:
LOTE, VAPE, GRNH, INNI, TCPS, FVE, ONE, TWLO

Blue Horseshoe Stocks: BAC Options Recap & More

Bank of America Corp. BAC – Fresh Options Idea

We went bullish on BAC yesterday, confident that a rebound after Brexit-related losses could propel a set of options contracts to some sizable intraday gains. We were right on in our assessment, and after both an early morning rip, followed by a pullback and run-up into the close, were presented with multiple quick-strike opportunities.

Each of the two sets of calls we signaled, the BAC Weekly $12.50 and $13 Calls, ultimately provided us with two solid chances each:

$12.50 Calls – 1st Run: .22-.32 (+45%) – 2nd Run: .20-.37 (+85%)
$13 Calls – 1st Run: .08-11 (+37%) – 2nd Run: .05-.12 (+140%)

BAC is gapping up once again [currently trading in the 12.90-range] in the premarket, so it would appear our observed contracts are in line for a chance at another productive session. To reiterate our statement from yesterday’s report, if BAC looks as if it will breach the 13.50-mark, we’ll be looking to roll up our strike price to that level.

Petroleo Brasiliero S.A. (Petrobras) PBR – Options Recap

We recently signaled some longer-term calls in the PBR options chain, and just wanted to take an opportunity to update our readers on the potential gains that have been made possible there.

This past Friday, we signaled the PBR 07/15 $6.50 and $7 Calls and have been pleased with the subsequent activity. Monday’s dip provided an excellent buy opportunity as the $6.50’s traded as low as .30 and the $7’s traded as low as .15. Yesterday, we observed the $6.50’s close at .50, and the $7’s close at .27. That worked out to intraweek gain opportunities of 66% and 80%, respectively.

We’ll want to keep these on our radar, with two weeks yet remaining until their expiration date.

Fresh Options Ideas:

We’re already options-heavy this morning, so we figured why not formulate a couple more ideas to add to our pool of interests:

The Markets are gapping up big again today, and if today’s activity is at all like yesterday’s dip-and-rip scenario, we will want to pay close attention to the SPY Weekly $204-206 Calls. We’ll also be tracking the NKE Weekly $52-54 Calls on the heels of Nike’s post-market earnings beat yesterday.

Extended Watchlist:
USLV, TEF, ORIG, WTW, CPST, WATT

Blue Horseshoe Stocks: VGZ, NEWC Reviews & More

Vista Gold Corp. VGZ – Recap

We entered VGZ into the mix in Friday morning’s premarket report after it became clear that it would be a troubling session for currencies in the wake of the Brexit vote. It was among a list of gold-related stocks that we wanted to track, and VGZ has set itself apart from the bunch.

From our observed low of 1.35 from Friday, yesterday’s high of 2.09 represented a respectable session-over-session upswing of 55%, so congratulations to anyone who took a piece of the pie during a time when big gainers have been relatively difficult to come by.

With the markets appearing to be gearing up for a rebound today, we’ll want to keep an eye out for a gap-down and consolidation from VGZ. We’ll only remain interested if it maintains support above its recent swing high around 1.50.

New Columbia Resources, Inc. NEWC

We also need to update folks on our NEWC reminder from yesterday’s report. It was a combination momentum/news play and the stock continued to set new highs.

From a low of .0179 it ran 35% intraday to .0241 on reasonably high volume to the tune of three times the monthly average. The company put out another PR today, and will hold our attention as long as it continues to exhibit momentum-play characteristics.

New Colombia Resources Inc. and Sannabis Announce an Increase in Local Distributors and International Interest for Medical Marijuana Products “Made in Colombia” (Tue 6:30AM EDT)

** Please Note: While we were the first to bring NEWC to our readers’ attention, we have noticed an active promotion on the stock, and would like to make it perfectly clear that we are not a part of that campaign, and have not been compensated in any way for mentioning NEWC. **

Fibrocell Science, Inc. FCSC

This is a stock that we haven’t crossed paths with in more than a year, but we noticed the beginnings of a nice rebound off of recent relative lows, and wanted to tag it for observation.

It has a ripe looking chart, and there is still a good sized gap that remains to be filled. We’ll have this play on our radar for that possibility moving forward.

Adaptive Medias, Inc. ADTM

We most recently alerted this one as a bottom play in our watchlist on Tuesday June 14th, and subsequent to that, the stock was trading as low as .0015. Yesterday ADTM broke out off its bottom, catching some nice momentum running as high as .0033, for a move of 120% in just two weeks’ time!

Bank of America Corp. BAC – Fresh Options Idea

BAC is among those stocks that took a Brexit-based pounding in recent sessions, and it appears to want to rebound a bit today. As long as this market reversal doesn’t turn out to be a head-fake, we’re going to want to pay attention to a couple set of contracts in the BAC options chain. Our possible strike points will be the BAC Weekly $12.50 and $13 Calls. If it can surpass the 13.50 mark, we’ll look to roll up our strike price a level or two.

Extended Watchlist:
DTII, OWCP, TWLO, FCX, WTW

Blue Horseshoe Stocks: Options Recap, Cannabis Play & More

SPDR S&P 500 ETF (SPY) – Options Recap

Despite market-wide turmoil over Britain’s “Brexit” vote, we saw fit to target a range of SPY options for observation in Friday morning’s premarket report. Our highlighted contracts were the SPY Weekly $200-205 Calls and with the exception of the lower denominations, which were were too far into the money to see any solid gain opportunities, they worked out quite well.

Some intraday volatility was the primary element which allowed quick-fingered traders to reap instant rewards from all but two of the contracts in the $205-202 Put-range. The potential gains were as follows:

$205 Puts – Trading Range: .77-2.43 – Max Gain: 215%
$204 Puts* – Trading Range: 1.20-3.05 – Max Gain: 154%
$203.50 Puts* – Trading Range: 1.55-3.15 – Max Gain: 103%
$203 Puts* – Trading Range: 1.82-3.86 – Max Gain: 112%
$202 Puts – Trading Range: 2.87-4.88 – Max Gain: 70%

*Contracts labeled with an asterisk also saw a late day run of OVER 200% EACH, in addition to the initial moves listed above!

New Columbia Resources, Inc. NEWC

Today we’re circling back around to a play we have tracked in the past. Things have been mostly quiet for NEWC this year, with the exception of a massive run from the .007-range up as a high as a nickel. Since that time, leading up to last week, the stock had been under consistent consolidation. Tuesday, it began to experience a bounce that once again has our interest focused upon this cannabis-related play.

Due to the apparent impending end of over five decades of internal hostilities in Columbia, the company has commented on a bolstered outlook for its projects (both cannabis and mining) in the South American nation. Should the resolution be ratified in an upcoming referendum, it could mean good things for the future of NEWC, and accordingly, its stock.

New Colombia Resources Inc. Optimistic About Colombia’s Cease Fire with the FARC after 52 Years of Fighting as a Beginning to a New Colombia (Fri, Jun 24)

Extended Watchlist:
XTRN, PXYN, SKUL, PTX, XGTI, ATRS, OCN

Blue Horseshoe Stocks: Gold Watchlist, Options & More

Tesla Motors Corp. TSLA – Options Update

Our bearish sentiment on TSLA yesterday ended up working in our favor quite well, as the intraday volatility provided traders with not one but three chances to execute lucrative swing trades. Our specified target range was the TSLA Weekly $200-195 Puts; those three opportunities on the day extended to all three sets of contracts, and were as follows:

$200 Puts – 4.45-8.45 (+55%), 4.15-7.50 (+81%), 4.36-6.35 (+46%)

$197.50 Puts – 4.06-6.35 (+56%), 2.83-5.39 (+90%), 2.83-4.51 (+59%)

$195 Puts – 2.44-5.13 (+110%),1.87-3.81 (+104%), 1.70-2.89 (+70%)

Amid the bombshell that Britain passed a referendum effecting its exit from the European Union (at least a two year process), world markets in general are all feeling the strain at present. TSLA has hit a low of $186 in the premarket, so our observed contracts all stand to produce further gains this morning.

To get ourselves a little closer to the heaviest action in the event of a continued backslide for TSLA, we may consider rolling down our strike range to include the $192.50 and $190 Puts as well.
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FRESH OPTIONS IDEAS:

As we’ve done many times before when attempting to use overall market conditions to our advantage, we’re going to be tracking some SPY Calls for potential daytrades. As long as the SPY can hold above $200, we could be in line to see some major volatility in the SPY Weekly $200-205 Calls. As always, we must issue a strong note of caution with regard to trading weekly contracts on a Friday. It should only ever be attempted by advanced-level traders!

We also want to submit another familiar face for a potential play with much less urgency. For a longer-term idea, we’ll be putting the PBR 07/15 $6.50 and $7 Calls on our radar.

Gold Watchlist:

We also want to provide our readers with a smattering of gold-related stocks to watch this morning. Currencies are taking a big hit, which usually means an influx of investor confidence in precious metals. As such, we will naturally look to plays like these for quick-hit opportunities:

LODE, PGLC, VGZ, XRA,TRX, GORO

Extended Watchlist:
PXYN, NHMD, DLCR, EMES, ENDV(Bottom bouncer)